What is business turnover and how do you calculate it? Put simply, turnover is the total amount of money your business receives from the sale of goods and services – minus discounts and VAT Turnover is calculated over a specific period of time, usually a quarter or financial year
What Is Company Turnover How Do You Calculate It? Turnover is a measure of how much money your company is bringing in while profit is a measure of how much money your company is keeping Turnover is a lagging indicator, which means it tells you how your company has performed in the past
What is Turnover in Business? Importance Calculation “Turnover” is an accounting term that refers specifically to the total sales made by a business over a particular period This amount—the turnover—will appear on an income statement Some people also call this “income” or “gross revenue” Turnover differs from profit, which is a measure of earnings